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1 bed Flat property

Available

For Sale

Listed May 24, 2025

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£100,000

Available

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Description

"Please refer to auctioneer for more information Guide Price £100,000

**For Sale By Public Auction 20th March 2025 10 00 AM To inspect the legal documents for this property go to our website to download the legal pack**

A Ground Floor One Bedroom Flat

Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1984 thus approximately 58 years unexpired .

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Heavers Meadow are within easy reach. Transport links are provided by Selhurst rail station.

Description
The property comprises a ground floor one bedroom flat situated within a semi detached building arranged over ground, lower ground and two upper floors. The property requires a program of refurbishment. We are informed by the seller that the ground rent is £80 per annum.

Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90 years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
E

Viewing Schedule No Booking Required

Monday 10 March 16 15 16 45
Wednesday 12 March 16 15 16 45
Friday 14 March 16 15 16 45
Tuesday 18 March 16 15 16 45
Saturday 22 March 13 00 13 30

Addendum
Please note that this property is subject to a Buyers Premium of £1,560 inc VAT. This is in addition to the buyer s admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers."